Wareing & Co. recapitalises specialty lifting firm Great Lakes

What's the deal? Houston-based investment firm Wareing & Co.Dealroom has a profile for this one. Try Dealroom → has recapitalised Great Lakes Lifting SolutionsDealroom has a profile for this one. Try Dealroom →, an Illinois provider of rental, sales, and service of specialty lifting equipment.

President Steven Brooks continues to lead the company, which his father, Don Brooks, founded.

Great Lakes operates from Peotone, Illinois, with added locations in Texas and Florida.

Why now? Wareing & Co.Dealroom has a profile for this one. Try Dealroom → targets lower middle-market, founder- and family-owned businesses — and Great Lakes fits the mould.

"Great Lakes represents the type of platform we look to partner with: a business with deep technical expertise, strong customer relationships, and a differentiated fleet," said Matt Brejot, managing director at Wareing & Co.Dealroom has a profile for this one. Try Dealroom →

The firm plans to back fleet investment, geographic expansion, and operational growth.

The signal: Wareing & Co.Dealroom has a profile for this one. Try Dealroom →'s recapitalisation of Great Lakes — a specialty lifting business — reflects its corporate-investor playbook of backing founder- and family-owned firms in the lower middle market, where technical niches and entrenched customer relationships offer a foundation for national roll-ups.

Read more: Rental Management Media Group

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